"Knowing the Source and Type of Income Stream will lead to Quick Growth"

        What are the sources of income?

Rent, wages, interest, and profit comprise the sources of income of household. The firms use the factors of production and produce goods and services which are sold to the household sectors. The money that the household sectors pay for these goods and services comprises the income of the firms sector.

Some Common Types of Income Streams are:

1) Earned Income.

2) Profit Income.

3) Interest Income.

4)Residual Income.

5)Rental Income.

6)Royalty Income.

7)Dividend Income.

8)Capital Gains.

Here is the difference between income and revenue.

Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Income or net income is a company's total earnings or profit. Both revenue and net income are useful in determining the financial strength of a company, but they are not interchangeable